SunSirs: Chinese Market has a Strong Wait-and-See Sentiment, Dried Cocoon and Silk Fluctuated at a High Level, with Average Price of 139,500 and 420,000 Respectively

Since June, the domestic cocoon silk market has fluctuated and adjusted at a high level. As of June 24, the average domestic raw silk price was 420,000 yuan/ton, an increase of 0.24% from the beginning of the month and an increase of 46.09% year-on-year. The average market price of dried cocoons was 139,500 yuan/ton, an increase of 0.36% from the beginning of the month and a year-on-year increase of 48.40%.

Recently, Guangxi and other places are at the peak of the fifth batch of spring cocoons, and the listing price in Yizhou and other places is 50-52 yuan per kilogram, and the quality of comprehensive reasons such as weather is well reflected. The silkworm farmers in Chaotian District, Guangyuan City, Sichuan Province celebrated the spring silkworm harvest season. The district raised 5,400 silkworms and produced 216,000 kilograms of cocoons. The average purchase price of silkworm cocoons this year was 45 yuan/kg, an increase of 10-12 yuan from last year. In addition, the purchase of spring cocoons at major cocoon stations in Qilin District, Qujing City, Yunnan Province is nearing completion. The average price of fresh spring silkworm cocoons this year is 65.75 yuan/kg, an increase of 24.52 yuan over the same period of last year, 41.23 yuan/kg, an increase of 59.4%, a record high.

At present, the overall textile market is still in the off-season for weaving, downstream demand is uncertain, and the wait-and-see sentiment is strong. The purchase of raw materials is mainly on-demand. Therefore, the raw silk market showed a general performance, reflecting some difficulties. Business analysts believe that due to the combination of a cautious attitude and the off-season, it is expected that the short-term cocoon silk market will remain stable.

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